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Abstract One major characteristic of developing countries is the parallel existence of a set of unregulated market activities known as the unofficial, shadow or informal economy. Also, there is extensive evidence suggesting that fiscal policy in these countries is procyclical-and, therefore,…

We argue that international lenders take into account that taxes (or subsidies) affect borrowers’ available income for debt repayments. Using an endowment-economy model, we show that by incorporating this fact into the analysis of …financial crises from the pecuniary externality perspective, ex-…

Information related to the Bank's economic, legal, and/or cultural programmes, including information on the Luis Angel Arango Library, and the Gold Museum can be sent to you by means of registering with an e-mail listing provided by the Banco de la República’s website.

The Constitution and Act 31 of 1992 establish that the highest governing body of the Central Bank of Colombia is its Board of Directors,which is responsible for the management and implementation of the Bank's duties..

This document contains: i) the 2020 management report on the Bank’s leading projects and on investment budget allocation, with the respective management indicator, and ii) the Action Plan for 2021.

This document contains: i) the 2022 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2023.For more information, see other…

This document contains: i) the 2023 Management of Banco de la República’s (the Central Bank of Colombia, Banrep) main projects and the distribution of the investment budget with its respective management indicator; and ii) the Action Plan for the year 2024.For more information, see other…

This document includes the goals, objectives, and performance indicators of the investment projects contained in Banco de la República’s (the Central Bank of Colombia) medium-term expenditure framework.

In the last four years, Colombia has faced some of the events that have had the greatest impact on economic performance in more than a century. The international price of oil fell to less than a third of its value between June 2014 and January 2016, and again between September 2018 and April 2020.…

The opinions expressed in this document are those of the authors and do not necessarily reflect the views of Banco de la República or its Board of Directors..   ABSTRACT  

Paper and presentatio for the High-level Conference Managing Capital Flows in Emerging Markets by the Brazilian authorities and the IMF. Río de Janeiro, Brazil.

ProfessionLawyer

See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"

See additional information in  "The Board of Directors of Banco de la República notifies updates to some of its calendar of monthly meetings and monetary policy announcements"

  The opinions contained in this document are the sole responsibility of the authors and do not commit Banco de la República or its Board of Directors.